Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1887-09-14
WEEKLY TRADE REVIEW.
CONDITION OF AFFAIRS AS GIVEN BY
r. G. DUN a co.

Commerce and Industry Have Improved
While Speculation Has slackened-
Marked Improvement In Wooden Goods
Trade-The Output OF Iron-Money from
Europe-The Weeks Failures.
NEW YORK, Sept 13.-R G. Dun s
Co, in their weekly review Of trade, say:
Commerce and industry have improved.
while speculation has slackened A very DIFF
ferent result was expected, when it was an
nounced a week ago that q syndicate had
undertaken to raise COCO, 600 for the Balh-
more & Ohio, and TO establish harmony be-
tween trunk lines. At hrst stocksrose quickly,
an average Of 81 per share. but soon 1t was
seen that the borrowing Of millions BY q
great company did net necessarily mean O.
bring prosperitys heavy dscainss A Bsla-
more & Ohio and ether stocks recksd BY
the Ives failure followed, and q radical reao-
tion toward lower prices and speculative In
activity has continued this week. On the
other hand, evidence appears of . decided
improvement in legitimate business, with
larger sales, larger production, and q more
wholesome feeling, even in branches lately
most depressed. 81 Has 1880 $50
The improvement in the wooden goods trade
yet be called active. Lower prices for wool
encourage manufacturers, and the demand
for goods is broadening. Distribution OF
cottons continues large, with especial de-
mand for the best qualities, and the manu-
facturer is relieved from fear Of speculative
corners in material, the new crop being un-
doubtedly large one though below early
estimates
Iron furnaces of 1SS, 725 tons capacity were
in blast Sept ], the largest output yet re-
ported; the increase since year ago is 14.2
per cent Disheartening in some quarters,
lest an output far SURPRISING the consump-
tive demand should depress prices. IL
met by the fact that the BEST grades
are scarce and we'll sustained, though In other
grades and brands not we'll known weakness
appes-s. The mills in which iron is worked
into forms for Gse are generally pressed with
orders; bar iron has a good demand, the.
orders for sheet Plate and tank iron press
the works to their full capacity, makers Of
structural iron are crowded, and the nail
business is slightly better. In steel rails,
though even the Thomas company sells at
$50 for winter delivery, and the yielding in
prices disheartens some makers, there is a
general disposition to shut out foreign pro-
ducts, and facilities for producing at lower
cost are steadily increasing.
Wheat speculation seems to have gone into
bankruptcy, stagnation ruling in spite of the
reduction of Liverpool freight rates to 1sSs
pence. The price has lifted only Is cent the
past week, while corn and oaths have risen
q cents pork 25 cents per barrel, and lard 10
cents per 100 pounds. Oil has advanced 5
cents in belief that producers win succeed In
limiting the supply. Sugar shows q tendency
to boom, having risen ID cents per 100 pounds,
while coffee is IS cent weaker, high IA cs for
money affecting Brazil ..holdafS Copper is
weaker with the opening OF the Calu-
met and = iecla mine, and beef with
heavy shipments from the west Large offer
ii,lgSS 81 tea at auction resulted In moderate
prices, and the rice market is improving in
activity. Supplies of butter are very liberal.
Evidence of general Improvement comes
from nearly all cities, Remarkably heavy
distribution of hardware and farmers supplies
at Chicago and St Louis, with activity Of
banks, not from speculative demands, and re-
ports of formidable increase in shipments
by the railroads from this city, promise salts
factory returns Of fall trade. Money is gem
orally active at interior points, and collec-
tions fair. .
The large supplies of money from Europe,
already received and on the way, clear of
heavy loans which have tied up home cap
ital, and thus promise much relief Failures
at New Haven and Philadelphia have In
volved some minor houses, but do not indi-
cate especial weakness in any particular
branch of trade. For the present the signs
favor large and profitable fall business,
unless monetary stringency should interrupt
The business failures during the last seven
days number for the United States 152, for
Canada %, total Of ia, compared with 1s9
last week and IFS in the corresponding week
of last year